Mortgage rates drop to 3-month low

By Dow Jones Newswires
Posted March 17 at 7:41 a.m.

Mortgage rates posted a sharp decline, with the benchmark conforming 30-year fixed mortgage rate falling to 4.91 percent, according to Bankrate.com’s weekly national survey.

The average 30-year fixed mortgage has an average of 0.38 discount and origination points.

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